Revenue
$11.68B
Fiscal year ended 2025-12-31Operating income
$2.99B
Fiscal year ended 2025-12-31Free cash flow
Unavailable
Fiscal year ended 2025-12-31Motorola Solutions, Inc. (MSI) reported revenue of $11.68B and net income of $2.15B for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Motorola Solutions, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Radio & Tv Broadcasting & Communications Equipment.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.68B | $10.82B | $9.98B | $9.11B | $8.17B | $7.41B | $7.89B | $7.34B | $6.38B | $6.04B |
| Cost of revenue | $5.65B | $5.30B | $5.01B | $4.88B | $4.13B | $3.81B | $3.96B | $3.86B | $3.36B | $3.17B |
| Gross profit | $6.04B | $5.51B | $4.97B | $4.23B | $4.04B | $3.61B | $3.93B | $3.48B | $3.02B | $2.87B |
| Operating income | $2.99B | $2.69B | $2.29B | $1.66B | $1.67B | $1.38B | $1.58B | $1.26B | $1.28B | $1.05B |
| Net income | $2.15B | $1.58B | $1.71B | $1.36B | $1.24B | $949.00M | $868.00M | $966.00M | -$155.00M | $560.00M |
| Research & development | $970.00M | $917.00M | $858.00M | $779.00M | $734.00M | $686.00M | $687.00M | $637.00M | $568.00M | $553.00M |
| Weighted-average diluted shares | shares 169.00M | shares 170.80M | shares 172.10M | shares 171.90M | shares 173.60M | shares 174.10M | shares 175.60M | shares 172.00M | shares 162.90M | shares 173.10M |
| Pretax income | $2.81B | $1.97B | $2.15B | $1.52B | $1.55B | $1.17B | $1.00B | $1.10B | $1.08B | $844.00M |
| Income tax expense | $652.00M | $390.00M | $432.00M | $148.00M | $302.00M | $221.00M | $130.00M | $133.00M | $1.23B | $282.00M |
| Diluted EPS | $12.75 | $9.23 | $9.93 | $7.93 | $7.17 | $5.45 | $4.95 | $5.62 | $-0.95 | $3.24 |
| Selling, general & administrative | $1.87B | $1.75B | $1.56B | $1.45B | $1.35B | $1.29B | $1.40B | $1.25B | $1.02B | $1.04B |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.16B | $2.10B | $1.70B | $1.32B | $1.87B | $1.25B | $1.00B | $1.26B | $1.20B | $967.00M |
| Total assets | $19.39B | $14.60B | $13.34B | $12.81B | $12.19B | $10.88B | $10.64B | $9.41B | $8.21B | $8.46B |
| Current assets | $6.30B | $6.48B | $5.72B | $5.26B | $5.41B | $4.33B | $4.18B | $4.27B | $3.95B | $3.47B |
| Total liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current liabilities | $6.08B | $5.06B | $5.74B | $4.56B | $4.06B | $3.49B | $3.44B | $3.10B | $2.93B | $2.67B |
| Total equity incl. NCI | $2.43B | $1.72B | $739.00M | $131.00M | -$23.00M | -$541.00M | -$683.00M | -$1.28B | -$1.73B | -$952.00M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $983.00M | $766.00M | $827.00M | $1.06B | $788.00M | $508.00M | $447.00M | $356.00M | $327.00M | $273.00M |
| Accounts receivable | $2.20B | $1.95B | $1.71B | $1.52B | $1.39B | $1.39B | $1.41B | $1.29B | $1.52B | $1.41B |
| Goodwill | $6.80B | $3.53B | $3.40B | $3.31B | $2.56B | $2.22B | $2.07B | $1.51B | $938.00M | $728.00M |
| Long-term debt | $8.41B | $5.68B | $4.70B | $6.01B | $5.69B | $5.16B | $5.11B | $5.29B | $4.42B | $4.39B |
| Accounts payable | $1.13B | $1.02B | $881.00M | $1.06B | $851.00M | $612.00M | $618.00M | $592.00M | $593.00M | $553.00M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.84B | $2.39B | $2.04B | $1.82B | $1.84B | $1.61B | $1.82B | $1.08B | $1.35B | $1.16B |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | -$5.16B | -$507.00M | -$414.00M | -$1.39B | -$742.00M | -$437.00M | -$934.00M | -$1.27B | -$448.00M | -$1.00B |
| Financing cash flow | $1.31B | -$1.45B | -$1.30B | -$906.00M | -$429.00M | -$966.00M | -$1.14B | $220.00M | -$722.00M | -$1.04B |
| Net change in cash | -$937.00M | $397.00M | $380.00M | -$549.00M | $620.00M | $253.00M | -$256.00M | -$11.00M | $238.00M | -$950.00M |
| Stock-based compensation | $293.00M | $243.00M | $212.00M | $172.00M | $129.00M | $129.00M | $118.00M | $73.00M | $66.00M | $68.00M |
| Common dividends paid | $728.00M | $654.00M | $589.00M | $530.00M | $482.00M | $436.00M | $379.00M | $337.00M | $307.00M | $280.00M |
| Common share repurchases | $1.15B | $244.00M | $804.00M | $836.00M | $528.00M | $612.00M | $315.00M | $132.00M | $483.00M | $842.00M |
| Depreciation & amortization | $425.00M | $336.00M | $356.00M | $440.00M | $438.00M | $409.00M | $394.00M | $360.00M | $343.00M | $295.00M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | 51.7% | 51.0% | 49.8% | 46.4% | 49.4% | 48.7% | 49.8% | 47.4% | 47.4% | 47.5% |
| Operating margin | 25.6% | 24.8% | 23.0% | 18.2% | 20.4% | 18.7% | 20.0% | 17.1% | 20.1% | 17.4% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 2.5% | 2.2% | 2.1% | 1.9% | 1.6% | 1.7% | 1.5% | 1.0% | 1.0% | 1.1% |
| Current ratio | 1.04x | 1.28x | 1.00x | 1.15x | 1.33x | 1.24x | 1.21x | 1.38x | 1.35x | 1.30x |
| Revenue YoY growth | 8.0% | 8.4% | 9.5% | 11.5% | 10.2% | -6.0% | 7.4% | 15.1% | 5.7% | Unavailable |
| Net margin | 18.4% | 14.6% | 17.1% | 15.0% | 15.2% | 12.8% | 11.0% | 13.2% | -2.4% | 9.3% |
| R&D / revenue | 8.3% | 8.5% | 8.6% | 8.5% | 9.0% | 9.3% | 8.7% | 8.7% | 8.9% | 9.2% |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | 3.47x | 3.30x | 6.37x | 45.90x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 23.2% | 19.8% | 20.1% | 9.8% | 19.5% | 18.8% | 13.0% | 12.1% | 114.0% | 33.4% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open MSI in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-05View SEC filing
10-Q · Filed 2026-05-07View SEC filing
10-K · Filed 2026-02-12View SEC filing
10-Q · Filed 2025-10-30View SEC filing
10-Q · Filed 2025-08-07View SEC filing
10-Q · Filed 2025-05-01View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.